Cemex drops 2% after talks to sell French assets

Shares of Cemex fell over 2% on Monday, October 5, 2026, on the Mexican Stock Exchange (BMV). The decline followed an announcement by French building materials group Vicat that it entered exclusive negotiations with the Mexican cement maker to buy assets in southeastern France.

Cemex shares dropped as much as 2.12% to MXN 17.07 per share compared with the close on October 2, according to stock exchange data. Later in the session, the shares moderated their losses to trade at MXN 17.41. Year to date, Cemex shares have fallen more than 15% on the BMV.

The transaction includes Vicat acquiring 48 ready-mix concrete plants and nine aggregates quarries from Cemex in southeastern France. The agreement also covers related services and joint venture stakes in the Rhône valley and the Provence-Alpes-Côte d'Azur (PACA) region. The assets are located primarily in the Mediterranean corridor connecting Marseille with Nice.

Guy Sidos, chairman and CEO of Vicat, stated that the assets hold a strategic geographic location across the Rhône corridor and the Riviera, perfectly complementing Vicat's current operations. Vicat noted that the transaction offers strong medium-term value creation potential and would generate industrial, commercial, and logistics synergies with its cement business.

Analysts at GBM noted that Cemex and Vicat signed a preliminary agreement and expect to finalize the deal during this year, subject to regulatory approvals. The financial terms were not disclosed. Cemex does not break down revenue specifically for France, but Europe accounted for about 22% of total revenue and approximately 19% of gross profit at the end of June.